Binary Options

Options that pays out a fixed amount if the underlying asset on which the option is based reaches the strike at expiry.

Call Option
An option that provides the holder with a fixed profit when the underlying asset is higher at expiry than the price level at which it was purchased.

Put Option
An option that provides the holder with a fixed profit when the underlying asset is lower at expiry than the price level at which it was purchased.

Current Price
The last price according to Reuters real-time data unless otherwise stated.

Expiry Price
The price of the underlying asset at the time of expiry of the asset according to Reuters real-time data. The expiry price determines whether the option has expired in-the-money or out-of-the-money.

Expiry Time
The time and date at which an option expires.

In-the-money
•    A Binary Option Call Option is in-the-money when the expiry price is higher than the option buying price at the expiry time.
•    A Binary Option Put Option is in-the-money when the expiry price is lower than the option buying price at the expiry time.

Out-the-money
•    A Binary Option Call Option is out-of-the-money when the expiry level is lower than the option buying price at the expiry time.
•    A Binary Option is out-of-the-money when the expiry level is lower than the option buying price at the expiry time.

At-the-money

•   If the option expiry level is similar to the option buying price, then the investment amount is returned fully to the investor.

Payout
Tradesmarter “Above or Below” offers you a fixed-return payout of: 65%-71% when the option expires in-the-money, and a 15% return if the option expires out-of-the-money. The option cannot be sold before its expiration.

Investment Amount
The amount invested in a specific option.

Instrument
A stock, commodity or Forex pair.

Trading Time
The time a trade has been fulfilled.

Strike Price

              The specific time a trade has been fulfilled.

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